TRX Approaching Cup Breakout – Market Decision Imminent
TRX/USDT – Daily Chart Analysis
TRX is shaping a textbook Cup Pattern on the daily timeframe — a strong bullish continuation signal if confirmed. Price has gradually curved upward, and we are now testing the key resistance area at 0.29–0.30.
📌 Key Scenarios:
🔹 Bullish Breakout Scenario:
A confirmed breakout and daily close above 0.30 would validate the cup formation and set the stage for a rally toward the next target zones at 0.35 and 0.45 — measured based on the cup’s depth.
🔹 Bearish Rejection Scenario:
If the resistance holds, expect a pullback toward the midline (~0.24) for potential accumulation and base-building before the next move.
💡 Volume confirmation and breakout momentum are critical to watch here. The market is approaching a decision point.
🟢 Our directional bias remains bullish — we anticipate the breakout to occur, leading to an upward continuation. However, we’ll wait for confirmation of the breakout and completion of the pattern before entering a long position.
